BYD Ramps up Investment in Hungary to Spur European Business · TechNode

BYD ramps up investment in Hungary to spur European business · TechNode

Chinese automaker BYD will invest 32 billion forints ($94 million) to triple the annual capacity of its Komárom facility in northern Hungary to 1,250 electric buses and trucks, alongside a passenger electric vehicle factory under construction in Szeged, Hungary. Hungarian Foreign Minister Péter Szijjarto announced the plan on June 27, adding that the Hungarian government would support the project with a 3.1 billion-forint incentive, Reuters repo…

BYD: A Cost-Driven EV Contender Poised For Global Expansion

BYD Downshifts Production into First Gear

BYD has taken the lead, and as it comes around the bend, it’s … tapping its brakes? According to a Reuters report last week, the Chinese car giant — which earlier this year surpassed Tesla as the world’s top EV seller by revenue — has started slowing production in recent months. The pullback comes as BYD makes major gains outside of China. So what gives? On the Road In March, BYD reported that its fourth-quarter revenue for fiscal year 2024 had …

BYD to triple e-bus and e-truck production in Hungary with new plant in Komárom - Sustainable Bus

BYD will expand its production footprint in Europe with a new facility in northern Hungary. The company plans to invest 32 billion forints (approximately $94 million) in the construction of a new plant in Komárom, tripling its local production capacity to 1,250 electric buses and trucks annually, as reported on Reuters and other media. The investment was also celebrated by BYD itself with a video on its Youtube channel. The announcement was made…

De Lijn gets 588 new electric buses thanks to subcontractors

Flemish public transport operator De Lijn is becoming greener without having to do anything about it. As of today, the private bus operators that provide rides on behalf of De Lijn are deploying 588 new electric buses on De Lijn’s network. According to the Federation of Belgian Bus and Coach Operators (FBAA), this is “the biggest greening wave ever for the private bus sector in Flanders.” The private bus operators will systematically deploy the …

BYD to Invest $94 Million in Hungary to Expand EV Bus and Truck Production

Chinese electric vehicle maker BYD will invest 32 billion forints ($94 million) in expanding its operations in northern Hungary, with a new plant in the town of Komárom that will triple its annual production capacity of electric buses and trucks, Hungarian Foreign Minister Peter Szijjártó said on Friday. The expansion will boost the site’s annual [...] The post BYD to Invest $94 Million in Hungary to Expand EV Bus and Truck Production appeared f…